Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi                                             
                                                                                            
                                                                                            
                                                                                            
1. Identity of the issuer or the underlying issuer                                          
of existing shares to which voting rights are      New Star Investment Trust plc            
attached:ii                                                                                 
                                                                                            
2 Reason for the notification (please tick the appropriate box or boxes):                   
                                                                                            
An acquisition or disposal of voting rights                                            x    
                                                                                            
An acquisition or disposal of qualifying financial instruments which may result             
in the acquisition of shares already issued to which voting rights are attached             
                                                                                            
An acquisition or disposal of instruments with similar economic effect to                   
qualifying financial instruments                                                            
                                                                                            
An event changing the breakdown of voting rights                                            
                                                                                            
Other (please                                                                               
specify):                                                                                   
                                                                                            
3. Full name of person(s) subject to the        Jupiter Asset Management Limited ('Jupiter')
notification obligation:iii                                                                 
                                                                                            
4. Full name of shareholder(s)                                                              
 (if different from 3.):iv                                                                  
                                                                                            
5. Date of the transaction and date on                                                      
which the threshold is crossed or                                             14 August 2012
reached: v                                                                                  
                                                                                            
6. Date on which issuer notified:                                             15 August 2012
                                                                                            
7. Threshold(s) that is/are crossed or                                            11% to 10%
reached: vi, vii                                                                            
                                                                                            

8. Notified details:                                                                                    
                                                                                                        
A: Voting rights attached to shares viii, ix                                                            
                                                                                                        
Class/type of    Situation previous         Resulting situation after the triggering transaction        
shares           to the triggering                                                                      
                 transaction                                                                            
                                                                                                        
if possible      Number        Number       Number     Number of voting        % of  voting rights x    
using            of            of           of shares  rights                                           
the ISIN CODE    Shares        Voting                                                                   
                               Rights       Direct     Direct xi    Indirect   Direct        Indirect   
                                                                    xii                                 
                                                                                                        
Ordinary Shares                                                                                         
                                                                                                        
                   7,887,892    7,887,892       0           0       7,787,892       0          10.965%  
                                                                                                        
                                                                                                        
                                                                                                        
B: Qualifying Financial Instruments                                                                     
                                                                                                        
Resulting situation after the triggering transaction                                                    
                                                                                                        
Type of financial       Expiration  Exercise/                Number of voting         % of voting       
instrument              date xiii   Conversion Period xiv    rights that may be       rights            
                                                             acquired if the                            
                                                             instrument is                              
                                                             exercised/ converted.                      
                                                                                                        
          n/a               n/a               n/a                      n/a                   n/a        
                                                                                                        
                                                                                                        
                                                                                                        
C: Financial Instruments with similar economic effect to Qualifying Financial                           
Instruments xv, xvi                                                                                     
                                                                                                        
Resulting situation after the triggering transaction                                                    
                                                                                                        
Type of financial  Exercise    Expiration Exercise/      Number of voting rights  % of voting rights    
instrument         price       date xvii  Conversion     instrument refers to     xix, xx               
                                          period xviii                                                  
                                                                                                        
                                                                                                        
       n/a             n/a        n/a          n/a                 n/a                                  
                                                                                  Nominal       Delta   
                                                                                                        
                                                                                                        
                                                                                                        
                                                                                                        
                                                                                                        
                                                                                                        
                                                                                                        
                                                                                                        
Total (A+B+C)                                                                                           
                                                                                                        
Number of voting rights                            Percentage of voting rights                          
                                                                                                        
7,787,892                                          10.965%                                              
                                                                                                        

 

9. Chain of controlled undertakings through which the voting rights and/or the            
financial instruments are effectively held, if applicable: xxi                            
                                                                                          
                                                                                          
                                                                                          
                                                                                          
                                                                                          
The shares are held in the name of Nortrust Nominees Limited.                             
                                                                                          
                                                                                          
                                                                                          
Proxy Voting:                                                                             
                                                                                          
10. Name of the proxy holder:                                                             
                                                                                          
11. Number of voting rights proxy holder will cease                                       
to hold:                                                                                  
                                                                                          
12. Date on which proxy holder will cease to hold                                         
voting rights:                                                                            
                                                                                          
                                                                                          
                                                                                          
                                                                                          
13. Additional information:                                                               
                                            Issued share capital used - 71,023,695        
                                                                                          
                                                                                          
                                                                                          
14. Contact name:                           Natalie Kent                                  
                                                                                          
15. Contact telephone number:               0207 314 4773